Large U.S. companies took a hit this year with six in particular losing more than $4 trillion in market value over the last year, according to The Wall Street Journal and Yahoo Finance.
Amazon is no longer a trillion-dollar company and its stock dropped 51 percent this year. Tesla reported the biggest drop in enterprise value, going from more than $1 trillion to $373.6 billion this year.
Below is the enterprise value change for six companies over the last year.
1. Apple
Dec. 31, 2021: $2.96 trillion
Dec. 29, 2022: $2.14 trillion
2. Amazon
Dec. 31, 2021: $1.73 trillion
Dec. 29, 2022: $916.7 billion
3. Microsoft
Dec. 31, 2021: $2.46 trillion
Dec. 29, 2022: $1.71 trillion
4. Meta
Dec. 31, 2021: $876.5 billion
Dec. 29, 2022: $294.8 billion
5. Alphabet
Dec. 31, 2021: $1.8 trillion
Dec. 29, 2022: $1.05 trillion
6. Tesla
Dec. 31, 2021: $1.1 trillion
Dec. 29, 2022: $373.6 billion